September 13, 2017

China: Early fruits of corporate deleveraging add to growth resilience

A BBVA Research Note of 13 September, 2017 concludes, "The total debt level of China’s corporate sector remain a great concern. However, some firm-level indicators have shown improvement in the indebtedness of non-SOEs. The early fruits of corporate deleveraging have reinforced our confidence in China’s economic prospect, but there is still a long way to cover before declaring a decisive victory of the deleveraging campaign."